Iran to get $32bln of unfrozen assets after sanctions lifted: central bank

Iran to get $32bln of unfrozen assets after sanctions lifted: central bank

PanARMENIAN.Net - Iran will receive $32 billion of unfrozen assets after sanctions were lifted in a deal with world powers over its nuclear program, Iranian central bank chief Valiollah Seif said Tuesday, January 19, according to AFP.

Seif was quoted by state television as saying that $28 billion (25.8 billion euros) would go to the central bank and $4 billion "will be transferred to the state treasury as the share of the government".

The unfreezing of assets comes after the UN atomic watchdog confirmed at the weekend that Iran had complied with measures imposed by the deal with global powers reached in Vienna in July, AFP says.

The assets can be used "to buy and import goods, as the entry of such an amount of currency in to the country is not logical," Seif said.

The central bank plans to keep the funds "in centralised and safe accounts" abroad, he added.

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